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Complete the ratios listed based on the following Income Statement and Balance Sheet. ABC Company Income Statement Sales Cost of Goods Sold Gross Profit

Complete the ratios listed based on the following Income Statement and Balance Sheet. ABC Company Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Interest Expense Net Income before Taxes Income Tax Expense Net Income after Taxes Current Assets Cash Accounts Receivable Inventory ABC Company Balance Sheet Total Current Assets Non-Current Assets Machinery & Equipment Furniture & Fixtures Transportation Equipment Accumulated Depreciation Total Non-Current Assets Total Assets $50,000 $$5,000 $1,000,000 $750,000 $250,000 $135,000 $115,000 $17,500 $97,500 $34,125 $63,375 $5,500 $21,000 $17,500 $44,000 $100,000 $15,000 $25,000 $17,500 $122,500 $166,500 Last Year $900,000 $650,000 $250,000 $127,000 $123,000 $17,500 $105,500 $36,925 $68,575 $4,950 $18,900 $15,750 $39,600 $90,000 $13,500 $22,500 $15,750 $110,250 $149,850 Quick Ratio Current Ratio Accounts Receivable Turnover Inventory Turnover Net Profit on Sales Gross Profit Margin Return on Assets Return on Equity Working Capital Debt to Equity Times Interest Earned Current Liabilities Accounts Payable Notes Payable Wages Payable Current Liabilities Non-Current Liabilities Long-Term Notes Total Liabilities Stockholders' Equity Retained Earnings Common Stock Total Equity Total Liabilities & Equity $25,000 $15,500 $1,200 $41,700 $27,000 $68,700 $65,000 $32,800 $97,800 $166,500 $22,500 $13,950 $1,080 $37,530 $24,300 $61,830 $58,500 $29,520 $88,020 $149,850

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